How to set up a new business in Hong Kong

If you are coming to Hong Kong to set up a new business or perhaps set up a representative office for an existing company, this short video by ServCorp Smart Offices, a global serviced office provider with a presence in Hong Kong, is well worth watching. In the video, John Barclay of Primasia Corporate Services discusses just how easy it is to set up and maintain an office or a business based in Hong Kong with the initial startup requirements being:

1. One director and one shareholder.
2. Issuance of one share of stock worth one Hong Kong dollar.
3. A Hong Kong company secretary and a Hong Kong address.

A company in Hong Kong can be taken from the shelf and fully activated within one week and all that is required to administer it is a simple annual registry return and a tax return supported by audited returns – reasons why Hong Kong is consistently rated one of the most business friendly environments in the world.